LINE

Text:AAAPrint
Economy

PBOC skips open market operations for the 1st time in June

1
2019-06-24 13:23:13Xinhua Editor : Gu Liping ECNS App Download

China's central bank skipped open market operations on Monday, the first time this month, citing abundant liquidity in the banking system.

The People's Bank of China (PBOC) said liquidity is staying at a reasonable and sufficient level at present.

No reverse repos became mature on Monday.

The PBOC has injected liquidity of 1.565 trillion yuan (about 228.46 billion U.S. dollars) into the market in June, with the net injection standing at 107 billion yuan.

A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

China will keep its prudent monetary policy "neither too tight nor too loose" while maintaining market liquidity at a reasonably ample level in 2019.

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2019 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.